HotelDel DownTown Sunset

Greetings from Jennifer Ross -  Realtor
 
Next week I will be announcing the winner of the monthly drawing - a portable GPS!
Tom Tom GPS 
Be sure to check in and see if you win.
 
And good luck!
New $10k California Homebuyer's Tax Credit
 
AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after Dec. 31, 2010, and before Aug. 1, 2011, pursuant to an enforceable contract executed on or before Dec. 31, 2010, will be able to take the allowed tax credit.
 
The credit is equal to the lesser of 5 percent of the purchase price or $10,000, in equal installments over three consecutive years. Under AB 183, purchasers will be required to live in the home for at least two years or forfeit the credit (i.e., repay it to the state).
 
A "first time home buyer" is and individual, or individual's spouse, who has no present ownership interest in a principal residence now or over the three previous year period, ending on the date of purchase.
 
You must apply for the credit within 2 weeks of closing or lose it.
 
The state's previous home buyer tax credit program was so successful that it ran out of tax credits by the end of June 2009, eight months before it was set to expire. Unlike last year's state legislation, AB 183 adds a tax credit for the purchase of an existing home by a first-time home buyer.
 
Under the Extended Federal Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
 
Therefore, if you are under contract by 4/30/2010 and close by 6/30/2010, you could get $18,000.
 
BE SURE CONSULT A TAX PROFESSIONAL.
 
Other topics about buying a home can be found here on my website.
Easter Trivia
 
Here is some fun Easter trivia in celebration of this upcoming Easter Sunday - enjoy!
 
  • Rabbits are said to be a symbol of fruitfulness and fertility, because rabbits reproduce very quickly.
  • Chocolate Easter BunnyThe reason for painting easter eggs in bright color's is they represent the bright sunlight of spring time.
  • Easter's most valuable eggs were hand crafted in the 1880s. Made by the great goldsmith Peter Carl Faberge, they were commissioned by Czar Alexander III of Russia as gifts for his wife, Czarina Maria Feodorovna. The first Faberge egg, presented in 1886, measured two and a half inches long and had a simple exterior.
  • The most famously known easter event took place in the year 1878. This year president Hayes and his wife Lucy officially opened the White House grounds to the children for egg rolling on Easter Monday. Since then this event is held each year.
  • Today, ten growers, most located along the California-Oregon border, in an area known as the "Easter Lily Capital of the World," produce 95 percent of all bulbs grown in the world for the potted Easter lily market. They produce over 11 million bulbs annually for shipping to commercial greenhouses.
  • Americans spend 2 billion dollars on Easter goodies. They consume 7.1 billion pounds of Easter goodies each year, including 90 million chocolate bunnies.
  • According to a survey, 76% of people prefer to eat the ears of a chocolate Easter bunny first before any other part.
Great Video! 
 
Classical Relief For HaitiClassical Relief for Haiti
Some of the world's biggest classical music stars were flown in from around the world to record a charity single to raise funds for Haiti.
 
Musicians including Julian Lloyd Webber, Aled Jones, Britain's Got Talent stars Paul Potts and Faryl Smith as well as popera acts All Angels, Bond, Camilla Kerslake, Rhydian and The Priests, recorded David Foster's The Prayer with the backdrop provided by the Royal Philharmonic Orchestra.
 
The idea came when Nadia Raibin and Alan McBlane of Production Team realised a classical charity single had never been done before. They gathered together classical musicians, tenors, baritones and sopranos from across the globe to work together in a world first.
 
The results were amazing.
Famous Quotes 
 
"Imagination is the beginning of creation. You imagine what you desire, you will what you imagine, and at last you create what you will."
 
George Bernard Shaw
As always, feel free to give me a call 800-913-7677 with your real estate needs.  I appreciate your referrals.  Happy Easter!

 
Signature

Jenn

Jennifer Ross

 
Experience Counts!
Over 21 years in
Real Estate sales
Serving all of San Diego
 
Office: 800.913.7677
Direct: 619.985.7340
JennRossRealtor@gmail.com
 
 

Current Mortage Rates

 (U.S. Daily Averages)
 30 yr fixed: 4.99%
15 yr fixed: 4.34%
1 yr adj: 4.20%
 

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